Bank failure · IA

First Central Federal Savings Bank (Chariton, IA) — failed January 4, 1990

First Central Federal Savings Bank of Chariton, Iowa was closed on January 4, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $112.8M in assets and $104.9M in deposits. The FDIC's estimated loss on the failure is $372K (0.3% of assets).